After just a few weeks of performing stock dissection for some specific individually chosen junior securities in the local bourse, the fledgeling self-proclaimed security ‘anatomists’ has decided to discontinue temporarily this endeavor due to specific schedule adjustments. (Having a challenging time uploading the data)
However, challenged or not, the author still decided to place here the value invested and the speculative portfolio performance along with the PSEI chart. Some improvements can be seen since the depressed 2013 Christmas season performance and that the speculative portfolio is seemingly trying to recover back to where it was once staged in the November 2013 period.
The author had let go of his entire minute 4.22% (% in Speculative portfolio) in MEG (THE MEGAWORLD CORPORATION) and took the profit of 11.56% during the down/boring days of late December.
No other major trade/changes were noted in the speculative account. As for the value-invested portfolio, a somewhat relieving sign that it had reach some new high of 18.13 from 17.97 level (based on its relatively very short performance since conception on November 10, 2013).
Taking a moment from the deluged portfolios, the author decided to browse through one of Mr. Greenblatt’s work.
With leer and heeding for much more needed information, the information obtained from it was that Mr. Graham’s work may not work due to the his much stringent requirements in screening for prospective junior securities (this was during the 2006 period-the time when the book was published). As has been stated in this paragraph in Mr. Greenblatt’s own words, --
“Although Graham’s formula has continued to work over the years, especially during periods when stock prices are particularly depressed, in today’s markets there are usually few, if any, stocks that meet the strict requirements of Graham’s original formula.”
Experiencing the vicissitudes of the PSEI, and with the current PSEI P/E ratio of 17.42, the fledgeling author still would like to continue performing specific analysis (in MY VALUE-INVESTED PORTFOLIO) basing it STILL in the old-school style of Mr. Graham's immortal ~80 year work (along with the current Warren Buffet methodology) to be applied for the greater part of the much reduced junior security market prices in the PSEI for purposes of stock picking--which then may ensue some more fruitful results in the future.
"With respect to order, knowledge comes first, and with respect to importance, action is more important." -Zhu Xi
However, challenged or not, the author still decided to place here the value invested and the speculative portfolio performance along with the PSEI chart. Some improvements can be seen since the depressed 2013 Christmas season performance and that the speculative portfolio is seemingly trying to recover back to where it was once staged in the November 2013 period.
The author had let go of his entire minute 4.22% (% in Speculative portfolio) in MEG (THE MEGAWORLD CORPORATION) and took the profit of 11.56% during the down/boring days of late December.
No other major trade/changes were noted in the speculative account. As for the value-invested portfolio, a somewhat relieving sign that it had reach some new high of 18.13 from 17.97 level (based on its relatively very short performance since conception on November 10, 2013).
Taking a moment from the deluged portfolios, the author decided to browse through one of Mr. Greenblatt’s work.
With leer and heeding for much more needed information, the information obtained from it was that Mr. Graham’s work may not work due to the his much stringent requirements in screening for prospective junior securities (this was during the 2006 period-the time when the book was published). As has been stated in this paragraph in Mr. Greenblatt’s own words, --
“Although Graham’s formula has continued to work over the years, especially during periods when stock prices are particularly depressed, in today’s markets there are usually few, if any, stocks that meet the strict requirements of Graham’s original formula.”
Experiencing the vicissitudes of the PSEI, and with the current PSEI P/E ratio of 17.42, the fledgeling author still would like to continue performing specific analysis (in MY VALUE-INVESTED PORTFOLIO) basing it STILL in the old-school style of Mr. Graham's immortal ~80 year work (along with the current Warren Buffet methodology) to be applied for the greater part of the much reduced junior security market prices in the PSEI for purposes of stock picking--which then may ensue some more fruitful results in the future.
"With respect to order, knowledge comes first, and with respect to importance, action is more important." -Zhu Xi
References:
1. Greenblatt, Joel. (2006). The Little Book That Beats The Market. Hoboken, New Jersey. John Wiley & Sons, Inc.
2. "Bloomberg - Business, Financial & Economic News, Stock Quotes." bloomberg.com. January 5, 2014.<http://www.bloomberg.com/>
3. "Zhu Xi." Wikipedia.org. January 5, 2014. <http://en.wikipedia.org/wiki/Zhu_Xi>
1. Greenblatt, Joel. (2006). The Little Book That Beats The Market. Hoboken, New Jersey. John Wiley & Sons, Inc.
2. "Bloomberg - Business, Financial & Economic News, Stock Quotes." bloomberg.com. January 5, 2014.<http://www.bloomberg.com/>
3. "Zhu Xi." Wikipedia.org. January 5, 2014. <http://en.wikipedia.org/wiki/Zhu_Xi>